[Federal Register Volume 75, Number 158 (Tuesday, August 17, 2010)]
[Notices]
[Pages 50772-50773]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-20314]


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DEPARTMENT OF HOMELAND SECURITY

U.S. Customs and Border Protection


Agency Information Collection Activities: Importation Bond 
Structure

AGENCY: U.S. Customs and Border Protection, Department of Homeland 
Security.

[[Page 50773]]


ACTION: 60-Day Notice and request for comments; Extension and revision 
of an existing collection of information: 1651-0050.

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SUMMARY: As part of its continuing effort to reduce paperwork and 
respondent burden, CBP invites the general public and other Federal 
agencies to comment on an information collection requirement concerning 
the: Importation Bond Structure. This request for comment is being made 
pursuant to the Paperwork Reduction Act of 1995 (Pub. L. 104-13; 44 
U.S.C. 3505(c)(2)).

DATES: Written comments should be received on or before October 18, 
2010, to be assured of consideration.

ADDRESSES: Direct all written comments to U.S. Customs and Border 
Protection, Attn: Tracey Denning, Regulations and Rulings, Office of 
International Trade, 799 9th Street, NW., 7th Floor, Washington, DC. 
20229-1177.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Tracey Denning, U.S. Customs and Border 
Protection, Regulations and Rulings, Office of International Trade, 799 
9th Street, NW., 7th Floor, Washington, DC 20229-1177, at 202-325-0265.

SUPPLEMENTARY INFORMATION: CBP invites the general public and other 
Federal agencies to comment on proposed and/or continuing information 
collections pursuant to the Paperwork Reduction Act of 1995 (Pub. L. 
104-13; 44 U.S.C. 3505(c)(2)). The comments should address: (a) Whether 
the collection of information is necessary for the proper performance 
of the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimates of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information to be collected; (d) 
ways to minimize the burden including the use of automated collection 
techniques or the use of other forms of information technology; and (e) 
the annual costs burden to respondents or record keepers from the 
collection of information (a total capital/startup costs and operations 
and maintenance costs). The comments that are submitted will be 
summarized and included in the CBP request for Office of Management and 
Budget (OMB) approval. All comments will become a matter of public 
record. In this document CBP is soliciting comments concerning the 
following information collection:
    Title: Importation Bond Structure.
    OMB Number: 1651-0050.
    Form Numbers: 301 and 5297.
    Abstract: Bonds are used to assure that duties, taxes, charges, 
penalties, and reimbursable expenses owed to the Government are paid; 
to facilitate the movement of cargo and conveyances through CBP 
processing; and to provide legal recourse for the Government for 
noncompliance with laws and regulations. Any person who is required to 
post a bond to secure a customs transaction usually submits the bond on 
CBP Form 301, Customs Bond, to CBP.
    CBP proposes to revise CBP Form 301 in order to accurately reflect 
the changes that have occurred with regard to CBP bonds. Specifically, 
the revised Form 301 will capture the new types of bonds which have 
been authorized by law and regulation, as well as better harmonize this 
form with current and future automation system requirements. Section II 
of the CBP Form 301 will be revised to specifically cover continuous 
activity code bonds for Importer Security Filing, Marine Terminal 
Operator, and Intellectual Property Rights Samples.
    Bonds are usually executed by an agent of the surety. The surety 
company grants authority to the agent via CBP Form 5297, Corporate 
Surety Power of Attorney. Once this form is filed with CBP, the 
validity of the authority of the agent executing the bond and the name 
of the surety can be verified to the surety's grant. The trade 
community now has the ability to submit the information on CBP Form 
5297 via the internet by using Automated Commercial Environment (ACE) 
portal technology. ACE surety portal account access allows sureties to 
add, revoke, and change their surety agent powers of attorney 
electronically. This ACE portal account access is available to any 
surety who applies for the functionality at http://www.cbp.gov.
    Bonds are required pursuant to 19 U.S.C.1608, and 1623; 22 U.S.C. 
463; 19 CFR Part 113.37 and 113.11. CBP Forms 301 and 5297 are 
accessible at http://www.cbp.gov/xp/cgov/toolbox/forms/.
    Current Actions: This submission is being made to extend the 
expiration date with a change to the burden hours based on revised 
estimates by CBP.
    Type of Review: Extension (with change)
    Affected Public: Businesses.

Form 301, Customs Bond

    Estimated Number of Respondents: 800,000.
    Total Number of Estimated Annual Responses: 800,000.
    Estimated Time per Response: 15 minutes.
    Estimated Total Annual Burden Hours: 200,000.

Form 5297, Corporate Surety Power of Attorney

    Estimated Number of Respondents: 500.
    Total Number of Estimated Annual Responses: 500.
    Estimated time per Response: 15 minutes.
    Estimated Total Annual Burden Hours: 125.

    Dated: August 11, 2010.
Tracey Denning,
Agency Clearance Officer, U.S. Customs and Border Protection.
[FR Doc. 2010-20314 Filed 8-16-10; 8:45 am]
BILLING CODE 9111-14-P